Your firm's cash book at 30 April 20X8 shows a balance at the bank of $2,490....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Your firm's cash book at 30 April 20X8 shows a balance at the bank of $2,490. Comparison with the bank statement at the same date reveals the following differences: Unpresented cheques Bank charges not in cash book Receipts not yet credited by the bank Dishonoured cheque not in cash book What is the adjusted bank balance per the cash book at 30 April 20X8? $ 840 50 470 140 Your firm's cash book at 30 April 20X8 shows a balance at the bank of $2,490. Comparison with the bank statement at the same date reveals the following differences: Unpresented cheques Bank charges not in cash book Receipts not yet credited by the bank Dishonoured cheque not in cash book What is the adjusted bank balance per the cash book at 30 April 20X8? $ 840 50 470 140
Expert Answer:
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
Students also viewed these accounting questions
-
In its first year of operations Lien Corporation entered into the following transactions, among others: 1. January 1: Bought equipment, $105,000. 2. March 31: Prepaid one year's rent, $24,000. 3....
-
On December 31, Daniel McGrath completed the first year of operations for his new business. The following data are available from the companys accounting records: 1. How much net income (loss) should...
-
The following transactions pertain to 2011, the first year of operations of the Barlett Company. All inventory was started and completed during 2011. Assume that all transactions are cash...
-
Professor Quark opens his own company, Electronic Tutorial Services, and completes the following transactions in June: 6/1 Quark invests 24,000 into the business. 6/3 Purchased 2,100 of equipment on...
-
How does an income bond differ from a mortgage bond issue?
-
Suppose that desirable producer's risk is 3% and consumer's risk is 6%. Which of the plans described in Exercises 10-15 and 10-16 are preferable? Discuss your choice.
-
(a) Plot the 2, 3, 4, 5, 6 and 9 months United States zero coupon yields using a line chart and compare the result in Figure 2.6. (b) Compute the spreads on the 3-month, 5-month and 9-month zero...
-
Peter Sutton owned a home that was subject to two mortgages, but his only source of income was a $1,080 monthly Social Security benefit. In an effort to reduce his mortgage payments, which exceeded...
-
You are a dual-income, no-kids family. You and your spouse havethe following debts (total): mortgage, $212,000; auto loan,$22,000; credit card balance, $16,000; other debts, $22,000.Further, you...
-
You are a recent MBA graduate with a specialty in data analytics. This has led to an excellent new career, as it complements your undergraduate business degree and CPA designation. Your new position...
-
Patrick's Party Palace, (P3), purveyors of fine party supplies and fun adventures, had the following transactions/situations that either happened in 2020 (or were from prior years but not discovered...
-
The image shows a pressure gage that is used to measure the pressure at point A. The pressure at Gage B is 95 kPa. Calculate the pressure at A. All fluids are at 20C. Note: The oil is SAE 30W oil....
-
Please program the solution for the following 2 Programming Exercises: Number Analysis Program Design a program that uses an array with specified values to display the following: The lowest number in...
-
Design a vending machine following the given instructions. Implement the design in FPGA. Vending Machine is a candy dispenser machine that dispenses candy based on the amount deposited in the...
-
Graphics Describe a quad-tree encoding method for greyscale images. [6 marks] Given the following greyscale image, draw a diagram showing how it would be encoded using your method from the previous...
-
What happens to the share of asset 2 in the optimal risky portfolio in the following scenarios. Please provide a brief explanation in each case. i. The expected return of asset 2 is increased. ii....
-
Bond : A B Coupon 7.02% 4.45% YTM(annualized) 5.60% 5.00% 5 years 5 years Maturity 2 2 Frequency: (Semiannual Payments) Calculate convexivity, current yield, modified duration,...
-
Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31, 2016 (euros in millions). Prepare the balance sheet for this...
-
The company reported a net loss of $300,000 for the year and 100,000 shares of common stock were outstanding during the year. The income tax rate is 30%. For each of the following potentially...
-
Atwater Manufacturing Company purchased a new machine especially built to perform one particular function on the assembly line. A difference of opinion has arisen as to the method of depreciation to...
-
The following information relates to a capital lease between Bradford Electric Co. (lessee) and Widstoe Manufacturing Inc. (lessor). The lease term began on January 1, 2011. Widstoe recorded the...
-
Compare different cooling schedule of simulated annealing.
-
Discuss the perturbation mechanism of simulated annealing.
-
What are the pros and cons of GA and SA? Can we conceive of a framework that combines the best of both worlds?
Study smarter with the SolutionInn App